LegalZoom and Starting an LLC
A big decision that you are faced with when you make the choice to become an entrepreneur is figuring out what kind of an organizational structure you are you going to operate your business under. You have a few choices when it comes to choosing a business entity. For example, the small business can be formed as a corporate structure, a limited liability company, or as another business form.
One of the most popular company structures that is used today is the limited liability company, otherwise known as an LLC. With a limited liability company, your company has many of the advantages of a corporate structure, but not all of the formalities required of a corporation. Of course, you should seek the advice of a competent professional before you decide on which business entity you are going to go with.
When you consider starting an LLC, you have the choice of utilizing an Internet LLC online solution such as LegalZoom. LegalZoom offers LLC creation packages starting at only $149 (plus state filing fees), which saves you a considerable amount of money versus using a legal firm. LegalZoom handles all of the required state forms for you, and provides you the paperwork you need to be able to manage your LLC as you are supposed to.
If you do go with form a LLC, and you set up the limited liability company and operate it the correct fashion, you are giving yourself a certain amount of personal liability protection that does not exist if your business was being run without any formal structure. Of great importance is that you choose a business structure that provides you the personal liability protection that is necessary in today’s litigious world.
Starting an LLC is a good move if you want to become an entrepreneur. Seek professional advice before you choose what business structure to use, but you probably will be told that there is nothing wrong with using a LLC. Using a web based incorporation services solution like LegalZoom just makes sense, as it will save you time and money and you will be forming your business correctly.